Taxable value of demand raised by developers for non affordable residential housing
This query is : Resolved
pranab sarma
(Querist)
26 July 2023
The developer received an amount of Rs.30,00,000/- as an installment from customer against sale of flat which is in under construction. How to calculate taxable value and GST on it ? Please suggest .
CA R SEETHARAMAN
(Expert)
27 July 2023
Consider 30 lacs including GST.
Taxable value is divide 30 lacs by 105 and multiply it by 100.
Taxable value is divide 30 lacs by 105 and multiply it by 100.
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